Insider Selling: Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Sells 4,000 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the transaction, the executive vice president now directly owns 23,104 shares of the company's stock, valued at $2,115,633.28. This represents a 14.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Akamai Technologies Stock Down 0.1 %

Shares of Akamai Technologies stock traded down $0.06 on Wednesday, hitting $90.52. The company had a trading volume of 1,095,413 shares, compared to its average volume of 1,539,356. The firm has a market capitalization of $13.60 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.83 and a beta of 0.64. Akamai Technologies, Inc. has a twelve month low of $84.70 and a twelve month high of $129.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a 50-day moving average of $94.55 and a 200-day moving average of $97.36.

Analyst Ratings Changes

AKAM has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They issued a "neutral" rating and a $110.00 target price for the company. Hsbc Global Res raised shares of Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Scotiabank dropped their target price on shares of Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating for the company in a research note on Friday, November 8th. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Akamai Technologies in a research note on Tuesday, December 17th. Finally, HSBC raised shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock valued at $25,000 after buying an additional 114 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of Akamai Technologies by 38.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock valued at $53,000 after buying an additional 155 shares during the period. Eastern Bank acquired a new position in shares of Akamai Technologies in the third quarter valued at approximately $71,000. Covestor Ltd boosted its holdings in shares of Akamai Technologies by 67.7% in the third quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company's stock valued at $90,000 after buying an additional 358 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Akamai Technologies in the third quarter worth $102,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.

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